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Home Flipping Indicates Recovery Of Housing Market

SIMI VALLEY (CBSLA.com) — The successful return of Home Flipping in California is indicative of the housing market’s recovery.

Experts are saying that recent home flipping is coming back due to low interest rates and the recent strength of the housing market.

Home flipping refers to the buying and renovating of a home with the intention of selling for a profit.

According to real estate data firm, Property Radar, the number of homes sold over recent months that have been flipped, or bought and re-sold within six months, has reached it’s highest level since 2005.

In California alone, 6,000 homes were reportedly flipped between January and April of this year.